|
|
| | | |
Oil Drinks Pictures GalleryAdvanced Photoshop Pictures Gallery - 8 image entries
Contest Directions: 
The price of crude oil has hit a record high of $81 this Tuesday, on fears of the supply decrease by OPEC countries, and the US dollar devaluation. The expected cut in interest rates by US Federal Reserve is going to affect the crude oil price further and economists predict a price of $85 per barrel soon. The United States remains the biggest energy consumer in the world market. If this trend continues, a can of oil is going to be more expensive than a can of Coke.
Remake famous drinks (milk, soda drinks, wines, mineral water, juices, etc.) to be made from oil, and gasolin. Try to come up with appropriate names and packaging (cans, bottles) for them (Coca Oil, Dr. Oiler, Mountain Oil, etc.), and show new marketing posters, billboards etc.
Tag funny pix oil drinks
Top 8 Contest Gallery Pictures
|  |
|
| | This contest is fueled by the following news: |
| | Deals of Oil Futures Light Sweet & Brent are characterized by high quotations. For the first time, oil quotations of Light Sweet exceeded the next record mark of 81 dollars per barrel.
Meanwhile, Brent’ Futures were trading at above 77 USD/ barrel, however, maximum deal price is less than the absolute record of 78.64 USD / barrel, which was recorded on 7th August 2006.
At 10.30AM Moscow time, oil prices according to the deals with oil Futures constituted (USD / barrel):
- Light, Sweet Crude Oil (October) – 81.16 (+0.59) in the quotation range of 80.86-81.24; - IPE Brent Crude (November) – 77.27 (+0.29) in the quotation range of 77.00-77.29.
Today, the rise in prices of Oil Futures continued due to consolidation of decrease in US’s Federal Reserve’s base discount rate with respect to dollar, which in turn should help in increasing the oil demand and other energy derivatives. At present, reserves of both the oil and energy derivates are lesser than in corresponding periods of the previous year.
We can recollect that, as on 7th September, the crude oil reserves in USA were lesser than in pervious year by 2,7 %, benzenes reserves by 9.6% and also reserves of heavy distillates by 8%. Even the stocks of fuel oil in US on the threshold of impending winter remain less by 30% when compared to previous year, which creates apprehensions of deficit of fuel oil in the country before the onset of winters and additionally may contribute to hike in prices of oil futures.
Due to record rise in prices of oil futures in September, experts of investment bank Goldman Sachs worked out own predictions on prices of world oil prices for current year and next year. Thus, by the end of 2007 oil prices in world market may touch 85 dollars / barrel, and by the end of 2008, price may stand at 95 dollars / barrel.
Today, prices fluctuations for oil quotations are technically possible in the following range:
Light, Sweet Crude Oil – resistance levels – 81.50-81.70 USD / barrel; - support levels - 80.00-79.19 USD / barrel;
IPE Brent Crude – Resistance levels– 77.93-78.00 USD / barrel; - support levels – 76.09-75.52. USD /barrel. |
|
|
|
|
|
|
